General Motors Company (GM)
| Market Cap | 51.75B |
| Revenue (ttm) | 174.87B |
| Net Income (ttm) | 10.62B |
| Shares Out | 1.14B |
| EPS (ttm) | 8.19 |
| PE Ratio | 5.54 |
| Forward PE | 4.77 |
| Dividend | $0.48 (1.06%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 9,230,588 |
| Open | 44.98 |
| Previous Close | 45.05 |
| Day's Range | 44.80 - 45.66 |
| 52-Week Range | 26.30 - 46.17 |
| Beta | 1.50 |
| Analysts | Buy |
| Price Target | 53.02 (+16.89%) |
| Earnings Date | Apr 23, 2024 |
About GM
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, the company sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including dai... [Read more]
Financial Performance
In 2023, GM's revenue was $171.84 billion, an increase of 9.64% compared to the previous year's $156.74 billion. Earnings were $10.02 billion, an increase of 12.42%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for GM stock is "Buy." The 12-month stock price forecast is $53.02, which is an increase of 16.89% from the latest price.
News
GM scraps Chevrolet Malibu as focus shifts to electric vehicles
DETROIT — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard.
GM to end production of the Chevy Malibu after 60 years
More than 10 million Chevy Malibu's have been sold since the car was introduced in 1964.
GM can regain market share in China after hitting 20-year low, executive says
GM's market share in China has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
GM Is Shutting Down the Chevy Malibu
The automaker said it will deepen its focus on electric vehicles.
GM to end production of Chevy Malibu as it shifts to EVs
General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles.
GM wants to scoop up interns impacted by Tesla's cuts, recruiter says
General Motors is seeking to recruit students impacted by Tesla's recent internship rescindments. Tesla has been laying off workers and revoking internships as part of recent cutbacks.
GM CEO Mary Barra says they should have moved faster on EVs
Taking on Tesla, GM CEO Mary Barra tells Emily Chang what it's like competing in the EV race. Catch more of their interview on The Circuit.
U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
GM's fall from grace in China is staggering amid geopolitical tensions with the U.S., along with changing consumer sentiment and increased domestic competition.
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Now that two-thirds of the S&P 500 have announced their quarterly financial results, it is a good time to consider which companies have fared best.
HG Insights Announces Gary Cottrell as GM and Chief Product Officer to Drive Further Product Growth
SANTA BARBARA, Calif.--(BUSINESS WIRE)--HG Insights, the authority in Technology Intelligence, today announced the appointment of Gary Cottrell as General Manager (GM) and Chief Product Officer (CPO) ...
This Stock Has A 1.08% Yield And Sells For Less Than Book
General Motors General Motors has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, GM share...
Automakers face tough choices on pricing or volume in Q1
CNBC's Phil LeBeau reports on the auto sector's earnings results.
MakersPlace Launches Generative Art in Partnership with gm.studio
SAN FRANCISCO--(BUSINESS WIRE)--MakersPlace, the premier marketplace for rare and authentic digital fine art, is venturing deeper into the Web3 generative art space with a unique partnership with gm.s...
Goldman Sachs in talks with Barclays to take over GM credit card business: WSJ
Goldman Sachs Group Inc. is in talks with Barclays about transferring its General Motors credit-card business as it continues its move away from the consumer lending business, The Wall Street Journal ...
Report: Goldman Could Hand off GM Card to Barclays
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-t...
Goldman in talks to unload GM credit-card partnership to Barclays, WSJ reports
Goldman Sachs is in talks to transfer its General Motors credit-card program to Barclays , the Wall Street Journal reported on Monday, citing people familiar with the matter.
Goldman in Talks to Unload GM Credit-Card Partnership to Barclays
The deal including roughly $2 billion of card balances could be struck by summer.
Top Wall Street analysts favor these 3 stocks for their growth potential
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Netflix and General Motors.
Large Pension Bets Big on AMD, Walmart, Peloton Stock. It Sold GM.
State of Michigan Retirement System bought more AMD stock, quintupled a Peloton stake, tripled its Walmart stake, and sold GM shares.
General Motors to shut manufacturing operations in Colombia, Ecuador -statement
Car maker General Motors will close its manufacturing operations in Colombia and Ecuador, the company said in a statement on Friday, as part of its shift towards producing next-generation vehicles.
Tesla, GM, and Ford Have Had Quite a Week. All the Numbers That Matter.
Tesla ended the quarter with less than 50% BEV market share in the U.S. for the first time.
Automaker Earnings: Consumers Balk at High E.V. Prices
Ice vehicles are powering profits for GM and Ford (F), notes Kevin Roberts. He and William McDonough discuss the takeaways from U.S. automaker earnings.
Final Trades: General Motors, Verizon and the XLU
The Investment Committee give you their top stocks to watch for the second half.
Ascent Global Logistics Named a 2023 General Motors Supplier of the Year
This marks the tenth time the company has been awarded this recognition BELLEVILLE, Mich. , April 25, 2024 /PRNewswire/ -- General Motors ("GM") has recognized Ascent Global Logistics ("Ascent"), a le...
General Motors Axes OnStar Smart Driver System After Privacy And Insurance Complaints
General Motors announced Wednesday it is discontinuing OnStar Smart Driver, an optional program that provided users with data about their driving, across all of its vehicles, doing so after complaints...